Vesting of Option if Employment Continues. If the Employee has continued to be employed by the Company or any Related Corporation on the following dates, the Employee may exercise this option for the number of shares of Common Stock set opposite the applicable date: (attached as NOTICE OF GRANT OF STOCK OPTIONS AND OPTION AGREEMENT). Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable. The foregoing rights are cumulative and, while the Employee continues to be employed by the Company or any Related Corporation, may be exercised on or before the date which is ten (10) years from the date this option is granted. All of the foregoing rights are subject to Sections 4 and 5, as appropriate, if the Employee ceases to be employed by the Company and all Related Corporations.
Vesting of Option if Employment Continues. For the purpose of determining the vesting of the option granted hereunder, the vesting date will be <date> (the “Vesting Date”) and the option will vest over three years. If the Employee has continued to be employed by the Company or any Subsidiary on the following dates, the Employee may exercise this option for the number of shares of Common Stock set opposite the applicable date: Less than one year from the Vesting Date - No Shares One year from the Vesting Date - 33.33% Each subsequent quarter following one year from the Vesting Date - an additional 8.34% of the total number of shares granted Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Compensation and Option Committee (the “Committee”) may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and, while the Employee continues to be employed by the Company or any Subsidiary, this option may be exercised on or before the date which is 7 years from the date this option is granted. All of the foregoing rights are subject to Sections 4 and 5, as appropriate, if the Employee ceases to be employed by the Company or any Subsidiary.
Vesting of Option if Employment Continues. The Employee may exercise this option on or after the date of this option grant for the number of shares of Common Stock, if any, indicated on the cover page hereof. If the Employee has remained continuously employed by the Company through the dates listed on the vesting schedule set forth on the cover page hereof, the Employee may exercise this option for the additional number of shares of Common Stock set opposite the applicable vesting date. Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Employee ceases to be employed by the Company) may be exercised only before the date which is ten years from the date of this option grant.
Vesting of Option if Employment Continues. If the Employee has continued to be employed by the Company or any Related Corporation on the following dates, the Employee may exercise this option for the number of shares of Common Stock set opposite the applicable date: Less than one year from the date - [NUMBER] shares hereof One year but less than two years - an additional [NUMBER] shares from the date hereof Two years but less than three years - an additional [NUMBER] shares from the date hereof Three years but less than four years - an additional [NUMBER] shares from the date hereof Four years or more from the date - an additional [NUMBER] shares hereof 2 -2- Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this Option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Employee ceases to be employed by the Company and all Related Corporations) may be exercised on or before the date which is ten years from the date this option is granted.
Vesting of Option if Employment Continues. For the purpose of determining the vesting of the Stock Option granted hereunder, the vesting date will start on , (the “Vesting Date”) and this Stock Option will vest over years. Subject to the earlier expiration of this Stock Option as herein provided and further subject to the continued employment of Employee by the Company, this Stock Option may be exercised, by written notice to the Company, at any time and from time to time after the date of execution hereof, but this Stock Option shall not be exercisable for more than the aggregate number of shares of Common Stock offered by this Stock Option as set forth opposite the following applicable Exercise Dates: Number of
Vesting of Option if Employment Continues. All of the option shares initially shall be unvested shares For so long as the Employee remains continually employed by the Company the option shares shall become vested according to the schedule set forth below and the Employee may exercise this option as to any vested shares: Vesting Date Number of Vested Share One year from the Vesting Start Date - 25% of the Option Shares On the first day of each subsequent three month period following one year from the Vesting Start Date - 6.25% of the Option Shares Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Employee ceases to be employed by the Company) may be exercised only before the date which is ten years from the date of this option grant.
Vesting of Option if Employment Continues. If the Employee has continued to serve the Company or any Related Corporation in the capacity of an employee, officer or consultant, as the case may be (such service is described herein as maintaining or being "employed by the Company") on the following dates, the Employee may exercise this option at any time from and after the applicable date for the number of shares of Common Stock set forth opposite the applicable date: Applicable Date Shares --------------- ------ Date of Grant 50,000 shares First Anniversary of Date of Grant an additional 50,000 shares Second Anniversary of Date of Grant an additional 50,000 shares Third Anniversary of Date of Grant an additional 50,000 shares Notwithstanding the foregoing, (i) if the Employee's employment with the Company is terminated by the Company for any reason other than for Cause (as defined in the Employment Agreement dated as of August 28, 2003 by and between the Company and the Employee (the "Employment Agreement")), or by the Employee for Good Reason (as defined in the Employment Agreement) within 24 months after a Change in Control (as defined in the Employment Agreement), or by reason of the Employee's death or Permanent Disability (as defined in the Employment Agreement), the Employee shall be deemed for purposes of this Section 3 to have remained employed by the Company for 18 months after such termination, and any shares that would have become exercisable during such 18-month period shall become exercisable immediately prior to such termination of the Employee's employment with the Company; and (ii) if the Employee's employment with the Company is terminated by the Company for Cause, or by the Employee other than for Good Reason within 24 months after a Change in Control, no further shares shall become exercisable from and after such termination of the Employee's employment with the Company. For avoidance of doubt, a termination pursuant to the last sentence of Section 3(c) of the Employment Agreement shall be deemed a termination by the Company for a reasons other than for Cause. Notwithstanding the foregoing, the Compensation Committee of the Company's Board of Directors (the "Committee") may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 3 or 4 hereof if the Employee ceases to be employed by the Company and all Related Corporations), may be exercised up to and including the date that is ten...
Vesting of Option if Employment Continues. If the Employee has continued to be employed by the Company or any subsidiary through the following dates, the Employee may exercise this option for the number of shares of Common Stock set opposite the applicable vesting date: The date that is: One year but less than shares two years from the date hereof Two years but less than an additional three years from the date hereof shares Three years but less than an additional four years from the date hereof shares Four years but less than an additional five years from the date hereof shares Five years or more an additional from the date hereof shares Notwithstanding the foregoing, in accordance with and subject to the provisions of the Plan, the Committee may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 4 or 5 hereof if the Employee ceases to be employed by the Company and all subsidiaries) may be exercised on or before the date which is ten years from the date this option is granted.
Vesting of Option if Employment Continues. If the Employee has ---------------------------------------------- remained continuously employed by the Company through the following dates, the Employee may exercise this option for the number of shares of Common Stock set opposite the applicable date: On the first anniversary of the date - _______ shares hereof (25% of total) On the last day of each month - an additional _______ shares thereafter until all options are vested (2.08% of total option grant each month) Notwithstanding the foregoing, the Board may, in its discretion, accelerate the date that any installment of this option becomes exercisable. The foregoing rights are cumulative and (subject to Sections 5 or 6 hereof if the Employee ceases to be employed by the Company) may be exercised on or before the date which is ten years from the date this option is granted.
Vesting of Option if Employment Continues. All of the option shares initially shall be unvested shares. For so long as the Employee remains continually employed by the Company the option shares shall become vested according to the schedule set forth below and the Employee may exercise this option as to any vested shares: Vesting Date
